Weil Company Inc. Acquires New Holdings in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Weil Company Inc. bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 29,725 shares of the company’s stock, valued at approximately $1,806,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Planning Strategies Inc. raised its position in Vivmark Residential Common Shares of Beneficial Interest by 87.5% in the third quarter. Planning Strategies Inc. now owns 538 shares of the company’s stock valued at $33,000 after purchasing an additional 251 shares during the period. Rosenberg Matthew Hamilton lifted its stake in shares of Vivmark Residential Common Shares of Beneficial Interest by 47.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,301 shares of the company’s stock valued at $79,000 after purchasing an additional 421 shares during the last quarter. First Financial Corp IN purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth $42,000. American National Bank & Trust purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth $69,000. Finally, Tompkins Financial Corp purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth $76,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Insider Buying and Selling at Vivmark Residential Common Shares of Beneficial Interest

In other news, Director Chris Carr sold 1,130 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $65.28, for a total transaction of $73,766.40. Following the sale, the director owned 4,461 shares of the company’s stock, valued at approximately $291,214.08. This represents a 20.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $63.90, for a total transaction of $511,200.00. Following the completion of the transaction, the director owned 16,084 shares of the company’s stock, valued at $1,027,767.60. This trade represents a 33.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 58,286 shares of company stock valued at $3,735,822. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VMRK. Barclays reduced their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set an “equal weight” rating on the stock in a report on Wednesday. BTIG Research reaffirmed a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Thursday, September 17th. Royal Bank Of Canada lowered their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a “sector perform” rating for the company in a research note on Tuesday. Piper Sandler dropped their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Wells Fargo & Company initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Friday, August 21st. They set an “overweight” rating and a $72.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $71.73.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.7%

Shares of NYSE VMRK opened at $60.80 on Thursday. The stock has a market capitalization of $22.80 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 3.55 and a beta of 0.74. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77. Vivmark Residential Common Shares of Beneficial Interest has a 52-week low of $57.57 and a 52-week high of $71.50. The firm has a 50 day moving average price of $63.37.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 EPS for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a return on equity of 8.06% and a net margin of 27.97%. The company had revenue of $785.05 million for the quarter. Analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, October 5th will be paid a dividend of $0.7025 per share. The ex-dividend date is Monday, October 5th. This represents a $2.81 dividend on an annualized basis and a yield of 4.6%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is 122.17%.

Vivmark Residential Common Shares of Beneficial Interest Company Profile

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract high quality long-term renters. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, DC, Seattle, San Francisco, Southern California and Denver.